Thursday, February 04, 2021

GOP Presidents Are NOT Best For Economy - Democrats Are



 Republicans like to brag that their policies are best for the economy. There's only one thing wrong with that -- it is NOT true! In both GDP (gross domestic product) growth rate and job growth -- the two economic indicators most mentioned as positive evidence of a good economy -- Democratic administrations were better than Republican administrations.

The two charts above (from The New York Times) show the truth, using figures from the U.S Bureau of Economic Analysis and the U.S. Bureau of Labor Statistics. Note that concerning GDP growth, the highest growth rate was among Democratic presidents (with top four growth rates happening under Democratic administrations). And with job growth, the top six growth rates were under Democratic administrations.

The one thing Republicans are good at is cutting taxes for the rich, but that doesn't help the economy. It only fattens the bank accounts of the rich. It is Democratic administrations that have initiated policies that help the economy (and most Americans).

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